EOG Resources, Inc. (NYSE:EOG) Shares Bought by Heritage Wealth Advisors

Heritage Wealth Advisors lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 562.2% during the fourth quarter, Holdings Channel reports. The firm owned 245 shares of the energy exploration company’s stock after acquiring an additional 208 shares during the quarter. Heritage Wealth Advisors’ holdings in EOG Resources were worth $30,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Geode Capital Management LLC raised its position in EOG Resources by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock valued at $1,513,446,000 after purchasing an additional 180,755 shares during the last quarter. Franklin Resources Inc. boosted its stake in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Pacer Advisors Inc. grew its position in EOG Resources by 5.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock worth $547,827,000 after purchasing an additional 214,497 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Mizuho reissued a “neutral” rating and issued a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a report on Tuesday. UBS Group decreased their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $144.95.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $129.12 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $71.52 billion, a PE ratio of 10.40, a P/E/G ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67. The stock has a fifty day moving average price of $128.65 and a 200 day moving average price of $127.61.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.02%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.